A report released Thursday shows that Wyoming's Rural Mainstreet Index (RMI) has dropped dramatically 26.3% from its December level, indicating *a decline in the new hiring index and ranchland-price index*. [image: RMI and Crude.png] These are two economic indicators tracked by Creighton University's Heider College of Business. They published their monthly Mainstreet Economy Report
that surveys community bank presidents and CEOs in non-urban agriculturally
and energy-dependent regions about current economic conditions.
Bootstrapped combined those indices with the drop in the price of a barrel
of crude oil, generally considered to be a leading indicator for the health
of Wyoming's economy.
The Rural Mainstreet Index (RMI) is a unique index covering 10 regional
states, focusing on approximately 200 rural communities with an average
population of 1,300. It gives the most current real-time analysis of the
rural economy. EconomistErnie Goss and Bill McQuillan, former chairman of
the Independent Community Banks of America, created the monthly economic
survey in 2005.